Gelteq Limited Correlations
| GELS Stock | 1.86 0.05 2.76% |
The correlation of Gelteq Limited is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Gelteq Limited Correlation With Market
Significant diversification
The correlation between Gelteq Limited Ordinary and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gelteq Limited Ordinary and DJI in the same portfolio, assuming nothing else is changed.
Gelteq |
Moving against Gelteq Stock
| 0.41 | VMSI | Vita Mobile Systems | PairCorr |
| 0.4 | GLGLF | GLG Life Tech | PairCorr |
| 0.59 | ELOX | Eloxx Pharmaceuticals | PairCorr |
| 0.36 | STRRP | Star Equity Holdings | PairCorr |
| 0.33 | CEROW | CERo Therapeutics Symbol Change | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Gelteq Stock performing well and Gelteq Limited Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Gelteq Limited's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ECCI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SSY | 2.86 | (0.01) | 0.00 | 0.19 | 0.00 | 6.74 | 20.59 | |||
| NOW | 1.40 | 0.22 | 0.16 | 0.31 | 1.26 | 3.04 | 8.12 | |||
| CDNS | 1.76 | 0.07 | 0.04 | 0.18 | 1.98 | 3.47 | 17.32 | |||
| SPNS | 1.61 | (0.46) | 0.00 | (0.43) | 0.00 | 2.21 | 31.27 | |||
| XPOF | 2.87 | 0.17 | 0.06 | 0.26 | 3.04 | 5.96 | 35.52 | |||
| NVNO | 2.79 | (0.78) | 0.00 | (1.20) | 0.00 | 4.22 | 33.20 |
Gelteq Limited Corporate Executives
Elected by the shareholders, the Gelteq Limited's board of directors comprises two types of representatives: Gelteq Limited inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gelteq. The board's role is to monitor Gelteq Limited's management team and ensure that shareholders' interests are well served. Gelteq Limited's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Gelteq Limited's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Craig Young | CFO Secretary | Profile |